Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Meet Stifel Financial in St. Louis


Wall Street ratings agencies set the tone for today's stock market.

Equities have thus far been on a record run in 2013 but, as any student of stock market history can tell you, after the bubble always comes the Baath. The Dow (INDEXDJX:.DJI), now down in eight of the past 10 sessions, tumbled to a two-month low amid an increasingly scary situation in Syria. Commodities were a clear beneficiary, with bullion now officially in a bull market from its June swoon after adding on another 2%. (They will find this all a bit bizarre in the great bazaar of Damascus, where gold has been sold for some 5,000 years.) With such an ancient history, the Middle East has always taken the long-term view. As they say in Afghanistan, "The West has all the watches, but we have all the time." Maybe, but Movado (NYSE:MOV) did just jump 10.50% to an all-time peak. Elsewhere Abercrombie & Fitch (NYSE:ANF) fell a further 4.76%, closely followed by a 4.56% plunge in Chloraseptic and Luden's cough drops parent Prestige Brands (NYSE:PBH). For the contentious CEO of the clothing company, the corpulent lassie - if not yet singing - is clearly starting to clear her throat.

Today in economics, analysts expect an increase in July pending home sales at 10:00 a.m. Eastern. In earnings action, Accor (OTCMKTS:ACRFF), Brown-Forman (NYSE:BF.B), Express (NYSE:EXPR), Fresh Market (NASDA:TFM), Guess (NYSE:GES), Joy Global (NYSE:JOY), Williams-Sonoma (NYSE:WSM), and Zale Corp (NYSE:ZLC) are all due to release results.

Delhaize Group (NYSE:DEG): Citigroup boosts the Belgium-based grocer to Buy from Neutral, sending its stock up ahead of the opening bell.

Old National Bancorp (NASDAQ:ONB): Shares are moved to Outperform from Market Perform at FIG Partners.

Statoil (NYSE:STO): The Norwegian energy giant, whose shares are sharply higher ahead of the open, is now Buy from Neutral at Bank of America-Merrill Lynch. Shares are surging some 3% as a result of the broker boost.

Stifel Financial Corp. (NYSE:SF): Raymond James raises the regional financial firm from Judy Garland's favorite city of St. Louis, Missouri to Outperform from Market Perform.

Tortoise Energy Infrastructure Corp. (NYSE:TYG): Stifel takes TYG to Buy from Hold with a $47 price objective, which says it trades at an attractive 94.4% to Adjusted NAV (Net Asset Value.)

USG Corporation (NYSE:USG): Longbow lifts the building materials outfit to Buy from Neutral.

(See also: New Stock Coverage: Can Gym Giant Nautilus Keep You Fiscally Fit? and Stock Downgrades: Don't Buy Taser International, Bro!)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos